SERBATOIO
ActiveSummary
The annual accounts of SERBATOIO for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €48k and a net result of €-68k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 903 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-56
Solvency29▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 35.47 against 0.41 in 2024; short-term debt: 2.8% and cash: 0.4% of total assets), but 96.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-68k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 903 sector peers (2025).
NBB · sector comparisonPosition among 903 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
122 d early
2023
12 d early
2022
25 d late
2021
8 d late
2020
13 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€48k▼ 58.7%
2024 · €116k
2018: €267k
2019: €270k▲ +1.2% vs 2018highest in 8 years
2020: €222k▼ -17.9% vs 2019
2021: €199k▼ -10.0% vs 2020
2022: €157k▼ -21.1% vs 2021
2023: €120k▼ -24.0% vs 2022
2024: €116k▼ -2.8% vs 2023
2025: €48k▼ -58.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.36M▲ 171%
2024 · €503k
2018: €864k
2019: €814k▼ -5.8% vs 2018
2020: €713k▼ -12.4% vs 2019
2021: €668k▼ -6.2% vs 2020
2022: €604k▼ -9.6% vs 2021
2023: €539k▼ -10.7% vs 2022
2024: €503k▼ -6.7% vs 2023lowest in 8 years
2025: €1.36M▲ +171% vs 2024highest in 8 years
2018 → 2025
Net result
€-68k▼ 1,941%
2024 · €-3k
2018: €2k
2019: €3k▲ +35.1% vs 2018highest in 8 years
2020: €-48k▼ -1668% vs 2019
2021: €-22k▲ +54.3% vs 2020
2022: €-42k▼ -90.3% vs 2021
2023: €-38k▲ +10.4% vs 2022
2024: €-3k▲ +91.1% vs 2023
2025: €-68k▼ -1941% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.32M
2024 · €-149k
2018: €-147k
2019: €-141k▲ +4.3% vs 2018
2020: €-167k▼ -19.0% vs 2019
2021: €-157k▲ +6.3% vs 2020
2022: €-177k▼ -12.9% vs 2021
2023: €-178k▼ -0.4% vs 2022lowest in 8 years
2024: €-149k▲ +16.4% vs 2023
2025: €1.32M▲ +990% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€157k▼ 21.1%€120k▼ 24.0%€116k▼ 2.8%€48k▼ 58.7%
2021: €199khighest in 5 years
2022: €157k▼ -21.1% vs 2021
2023: €120k▼ -24.0% vs 2022
2024: €116k▼ -2.8% vs 2023
2025: €48k▼ -58.7% vs 2024lowest in 5 years
Operating result€-27k-€-31k▼ 14.8%€-28k▲ 10.3%€5k€-24k
2021: €-27k
2022: €-31k▼ -14.8% vs 2021lowest in 5 years
2023: €-28k▲ +10.3% vs 2022
2024: €5k▲ +117% vs 2023highest in 5 years
2025: €-24k▼ -617% vs 2024
Net result€-22k-€-42k▼ 90.3%€-38k▲ 10.4%€-3k▲ 91.1%€-68k▼ 1,941%
2021: €-22k
2022: €-42k▼ -90.3% vs 2021
2023: €-38k▲ +10.4% vs 2022
2024: €-3k▲ +91.1% vs 2023highest in 5 years
2025: €-68k▼ -1941% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.36M
Equity
€48k ▼ 58.7%
Debt
€1.31M ▲ 240%
Debt's share of the balance-sheet total rises from 76.9% to 96.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k▼
2024 · €56k
Cash flow
€-68k▼
2024 · €48k
Current ratio
35.47▲
2024 · 0.41
Quick ratio
1.39▲
2024 · 0.41
Debt to equity
27.39▲
2024 · 3.33
ROE
-142.4%▼
2024 · -2.9%
ROA
-5.0%▼
2024 · -0.7%
Interest coverage
-0.55▼
2024 · 6.74
Debt ≤ 1 year
€38k▼
2024 · €251k
Debt > 1 year
€1.28M▲
2024 · €136k
Income taxes
€47▼
2024 · €204
Staff costs
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€503k€1.36M▲
Fixed assets21/28€401k€0▼
Tangible fixed assets22/27€401k€0▼
Land and buildings22€390k€0▼
Plant, machinery and equipment23€12k€0▼
Current assets29/58€102k€1.36M▲
Stocks and contracts in progress3-€1.31M
Stocks30/36-€1.31M
Amounts receivable within one year40/41€36k€48k▲
Trade receivables40-€48k
Other amounts receivable41€36k€500▼
Cash at bank and in hand54/58€65k€5k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€503k€1.36M▲
Equity10/15€116k€48k▼
Contributions10/11€259k€259k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-146k€-215k▼
Amounts payable17/49€387k€1.31M▲
Amounts payable after more than one year17€136k€1.28M▲
Financial debts170/4€136k€1.20M▲
Other amounts payable178/9-€75k
Amounts payable within one year42/48€251k€38k▼
Current portion of amounts payable after more than one year42€27k€0▼
Trade debts44€2k€38k▲
Suppliers440/4€2k€38k▲
Taxes, remuneration and social security45€1k€548▼
Taxes450/3€1k€548▼
Other amounts payable47/48€221k€0▼
Income statement
Code20242025
Non-recurring operating income76A€455€21k▲
Remuneration, social security and pensions62€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€0▼
Other operating charges640/8€10k€10k▲
Non-recurring operating charges66A€4k€64k▲
Gross operating margin9900€71k€51k▼
Operating profit (loss)9901€5k€-24k▼
Financial income75/76B€436€158▼
Recurring financial income75€436€158▼
Financial charges65/66B€8k€44k▲
Recurring financial charges65€8k€44k▲
Profit (loss) for the period before taxes9903€-3k€-68k▼
Income taxes67/77€204€47▼
Profit (loss) for the period9904€-3k€-68k▼
Profit (loss) for the period to be appropriated9905€-3k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-146k€-215k▼
Profit (loss) brought forward from the previous period14P€-143k€-146k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €455 | €21k | ▲ 4,436% |
| Remuneration, social security and pensions62 | €5k | €6k | €4k | €2k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €61k | €62k | €51k | €0 | ▼ 100% |
| Other operating charges640/8 | €5k | €16k | €9k | €10k | €10k | ▲ 7.0% |
| Non-recurring operating charges66A | - | - | - | €4k | €64k | ▲ 1,656% |
| Gross operating margin9900 | €39k | €52k | €48k | €71k | €51k | ▼ 28.8% |
| Operating profit (loss)9901 | €-27k | €-31k | €-28k | €5k | €-24k | ▼ 617% |
| Financial income75/76B | €18k | €0 | €11 | €436 | €158 | ▼ 63.9% |
| Recurring financial income75 | €0 | €0 | €11 | €436 | €158 | ▼ 63.9% |
| Non-recurring financial income76B | €18k | - | - | - | - | - |
| Financial charges65/66B | €12k | €11k | €9k | €8k | €44k | ▲ 435% |
| Recurring financial charges65 | €12k | €11k | €9k | €8k | €44k | ▲ 435% |
| Profit (loss) for the period before taxes9903 | €-21k | €-42k | €-37k | €-3k | €-68k | ▼ 2,072% |
| Income taxes67/77 | €1k | €200 | €209 | €204 | €47 | ▼ 76.9% |
| Profit (loss) for the period9904 | €-22k | €-42k | €-38k | €-3k | €-68k | ▼ 1,941% |
| Transfer from tax-exempt reserves789 | €6k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-42k | €-38k | €-3k | €-68k | ▼ 1,941% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €668k | €604k | €539k | €503k | €1.36M | ▲ 171% |
| Fixed assets21/28 | €569k | €523k | €460k | €401k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €569k | €523k | €460k | €401k | €0 | ▼ 100% |
| Land and buildings22 | €494k | €459k | €424k | €390k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €74k | €55k | €34k | €12k | €0 | ▼ 100% |
| Furniture and vehicles24 | €836 | €9k | €2k | - | - | - |
| Current assets29/58 | €100k | €82k | €79k | €102k | €1.36M | ▲ 1,234% |
| Stocks and contracts in progress3 | €8k | €8k | €7k | - | €1.31M | - |
| Stocks30/36 | €8k | €8k | €7k | - | €1.31M | - |
| Amounts receivable within one year40/41 | €3k | €6k | €4k | €36k | €48k | ▲ 34.8% |
| Trade receivables40 | €1k | €5k | €4k | - | €48k | - |
| Other amounts receivable41 | €2k | €1k | - | €36k | €500 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €84k | €62k | €63k | €65k | €5k | ▼ 91.9% |
| Deferred charges and accrued income490/1 | €5k | €5k | €6k | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €668k | €604k | €539k | €503k | €1.36M | ▲ 171% |
| Equity10/15 | €199k | €157k | €120k | €116k | €48k | ▼ 58.7% |
| Contributions10/11 | €259k | €259k | €259k | €259k | €259k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €2k | €2k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-63k | €-105k | €-143k | €-146k | €-215k | ▼ 46.6% |
| Amounts payable17/49 | €469k | €447k | €420k | €387k | €1.31M | ▲ 240% |
| Amounts payable after more than one year17 | €212k | €188k | €163k | €136k | €1.28M | ▲ 837% |
| Financial debts170/4 | €212k | €188k | €163k | €136k | €1.20M | ▲ 781% |
| Other amounts payable178/9 | - | - | - | - | €75k | - |
| Amounts payable within one year42/48 | €256k | €259k | €257k | €251k | €38k | ▼ 84.7% |
| Current portion of amounts payable after more than one year42 | €23k | €24k | €25k | €27k | €0 | ▼ 100% |
| Trade debts44 | €1k | €4k | €409 | €2k | €38k | ▲ 2,013% |
| Suppliers440/4 | €1k | €4k | €409 | €2k | €38k | ▲ 2,013% |
| Taxes, remuneration and social security45 | - | - | €1k | €1k | €548 | ▼ 62.8% |
| Taxes450/3 | - | - | €1k | €1k | €548 | ▼ 62.8% |
| Other amounts payable47/48 | €232k | €231k | €230k | €221k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €120 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-42k | €-38k | €-3k | €-68k | ▼ 1,941% |
| + Depreciation and write-downs630 | €56k | €61k | €62k | €51k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €34k | €19k | €25k | €48k | €-68k | ▼ 243% |
| Investment in fixed assets (approximation) | - | €-15k | €0 | €8k | €401k | ▲ 4,815% |
| Change in cash | - | €-22k | €918 | €2k | €-60k | ▼ 2,764% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series.
31-12
Financial
Liquidity times 87current ratio 35.47
Current ratio from 0.41 to 35.47; short-term debt falls from €251k to €38k.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €3k ▲35.1%
Net result €3k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Landen · 1 establishment unit since 2001
Ground area
783 m²
Building footprint
768 m²
Volume, LiDAR
5,208 m³
Parcel 24733A0405/00T000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hannuitsesteenweg 171, 3401 Landen
since 20012.131.853.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24733A0405/00T000 | Flanders | 783 m² | 1 · 768 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,520 companies in sector 93130 we hold annual accounts for 687. 544 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
Scores and ratios are computed by Checked and are not a credit decision.